taxable in a sentence
a.
📚 Grade Level: Grade 9, Grade 10, Grade 11
Definition
Taxable refers to income or transactions that are subject to taxation under applicable laws.
Sample Sentences
- The new law clarified which types of income are considered taxable.
- She was surprised to learn that her freelance work generated taxable earnings.
- Many people are unaware of the deductions that can reduce their taxable income.
- Taxable gifts from one individual to another can have significant implications.
- He carefully reviewed his financial records to ensure all taxable transactions were accounted for.